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OverviewAPI
The global luxury watch market is witnessing steady growth, with a projected increase from USD 97.22 billion in 2022 to USD 148.50 billion by 2031. Key drivers include product innovation, particularly in smartwatches, and the influence of luxury watches propelled by the Swiss watch industry. Asia-Pacific dominates the market, led by China, Hong Kong, Japan, and India. Major players like Rolex and Apple are shaping the industry's trajectory.

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